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Economy, jobs and prices in Chicago, Illinois: official figures

The median household income in Chicago was $77,902 a year in the 2020-2024 American Community Survey (in 2024 dollars), 380th lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the Illinois median $83,390.

Median household income
$77,902
2020-2024
Unemployment rate (ACS)
8.0%
2020-2024
Mean travel time to work
33.1 min
2020-2024
Median gross rent (monthly)
$1,440
2020-2024
Median home value (owner-occupied)
$334,100
2020-2024
Homes occupied by their owners
46.0%
2020-2024
Households with a broadband subscription
89.1%
2020-2024

What is the per capita income in Chicago?

Income per resident (per capita income) in Chicago averaged $50,086 a year in 2020-2024, 225th highest of 823 US cities of 50,000 or more (US: $44,673; Illinois: $46,406).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Chicago?

Chicago's Gini index of household income inequality was 0.523 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 44th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Chicago, Illinois?

8.0% of the civilian labor force in Chicago was unemployed on average over 2020-2024 (121,431 people), 90th highest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Illinois' 5.8%.

Source: U.S. Census Bureau · saved copy

What share of people in Chicago are working?

67.6% of Chicago's 2,246,940 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 287th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Chicago have jobs?

1,395,899 residents of Chicago held civilian jobs, 62.1% of those aged 16 and over (US: 59.7%), and 921 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Chicago?

The largest industry group for working residents of Chicago was education, health care and social assistance (24.2% of employed residents), followed by professional, scientific, management and administrative services (18.2%) and arts, entertainment, recreation, accommodation and food services (9.1%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Chicago work in manufacturing?

Manufacturing employed 7.7% of working residents of Chicago, 323rd lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 18.2% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Chicago, Illinois?

Commuters in Chicago took 33.1 minutes on average to get to work in 2020-2024, 63rd longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 13.4% travelled an hour or more and 13.0% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Chicago get to work?

21.0% of workers living in Chicago worked from home in 2020-2024, 182nd highest of 823 US cities of 50,000 or more (US: 15.1%). 44.7% drove to work alone, 7.3% carpooled, 17.7% used public transport and 5.8% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Chicago, Illinois?

The median gross rent (rent plus utilities) in Chicago was $1,440 a month in 2020-2024, 336th lowest of 823 US cities of 50,000 or more (US: $1,413; Illinois: $1,274).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Chicago?

Owner-occupied homes in Chicago had a median value of $334,100 in 2020-2024 as estimated by their owners, 322nd lowest of 823 US cities of 50,000 or more (US: $332,700; Illinois: $263,300).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Chicago?

The median home value in Chicago was 4.3 times the median household income, 355th lowest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Chicago, Illinois own their home?

46.0% of the 1,160,205 occupied homes in Chicago were lived in by their owners in 2020-2024 and 626,193 were rented, 135th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Illinois: 67.1%).

Source: U.S. Census Bureau · saved copy

What share of homes in Chicago have broadband?

89.1% of households in Chicago had a broadband internet subscription of some type in 2020-2024, 157th lowest of 823 US cities of 50,000 or more (US: 91.0%; Illinois: 90.8%).

Source: U.S. Census Bureau · saved copy

How many households in Chicago have no internet?

6.9% of households in Chicago (79,786) had no internet access at home in 2020-2024, 204th highest of 823 US cities of 50,000 or more (US: 6.5%); 12.5% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Chicago compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Chicago ranks 444 of 823, highest first.

RankCityMedian household income (2024 dollars)
441Cape Coral$78,104
442Madison$78,050
443Mableton$77,980
444Chicago$77,902
445Gresham$77,795
446Sunrise$77,652
447Gallatin$77,518
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Chicago ranks 225 of 823, highest first.

RankCityPer capita income (2024 dollars)
222Santa Fe$50,299
223Henderson$50,228
224Fullerton$50,180
225Chicago$50,086
226San Buenaventura (Ventura)$50,005
227Midland$49,879
228Boise City$49,861
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Chicago ranks 44 of 823, highest first.

RankCityGini index of household income inequality
41Tuscaloosa0.525
42Galveston0.524
43Ann Arbor0.524
44Chicago0.523
45Peoria0.523
46Scottsdale0.523
47Memphis0.522
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Chicago ranks 90 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
87Pompano Beach8.0%
88Chula Vista8.0%
89Compton8.0%
90Chicago8.0%
91Rocky Mount8.0%
92Warren8.0%
93Hemet8.0%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Chicago ranks 287 of 823, highest first.

RankCityLabor force participation rate (16 and over)
284Lowell67.6%
285Springdale67.6%
286Charleston67.6%
287Chicago67.6%
288Everett67.6%
289Tigard67.6%
290Southaven67.5%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Chicago ranks 63 of 823, highest first.

RankCityMean travel time to work (minutes)
60Whittier33.2
61Union City33.1
62Chino33.1
63Chicago33.1
64West Covina32.9
65Pearland32.7
66Newark32.6
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Chicago ranks 182 of 823, highest first.

RankCityWorkers who worked from home
179Clermont21.2%
180St. Petersburg21.1%
181Yorba Linda21.1%
182Chicago21.0%
183Olathe20.9%
184Torrance20.8%
185Salt Lake City20.8%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Chicago ranks 19 of 823, highest first.

RankCityWorkers commuting by public transportation
16Malden18.8%
17San Francisco18.7%
18Cambridge18.0%
19Chicago17.7%
20Philadelphia16.7%
21Quincy16.3%
22Everett16.2%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Chicago ranks 501 of 823, highest first.

RankCityEmployed residents working in manufacturing
498Euless7.7%
499Arvada7.7%
500Burien7.7%
501Chicago7.7%
502Colton7.7%
503Skokie7.7%
504Tyler7.6%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Chicago ranks 312 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
309Suffolk24.2%
310Santa Fe24.2%
311Virginia Beach24.2%
312Chicago24.2%
313Tempe24.1%
314Greenwood24.1%
315Santa Rosa24.1%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Chicago ranks 488 of 823, highest first.

RankCityMedian gross rent per month
485O'Fallon$1,443
486West Haven$1,442
487East Orange$1,441
488Chicago$1,440
489Orland Park$1,440
490Orem$1,438
491Indio$1,437
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Chicago ranks 502 of 823, highest first.

RankCityMedian value of owner-occupied homes
499Des Plaines$335,600
500Idaho Falls$335,500
501Kyle$334,600
502Chicago$334,100
503Cheyenne$333,700
504Ankeny$331,000
505Schaumburg$330,400
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Chicago ranks 466 of 820, highest first.

RankCityMedian home value as a multiple of median household income
463North Port4.3x
464Cary4.3x
465Rock Hill4.3x
466Chicago4.3x
467Houston4.3x
468St. Cloud4.3x
469Ocala4.3x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Chicago ranks 689 of 823, highest first.

RankCityOccupied homes lived in by their owners
686Anaheim46.2%
687Yonkers46.2%
688La Crosse46.1%
689Chicago46.0%
690Madison46.0%
691Montebello45.9%
692Merced45.9%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Chicago ranks 667 of 823, highest first.

RankCityHouseholds with a broadband subscription
664Amarillo89.2%
665Yakima89.2%
666Cincinnati89.1%
667Chicago89.1%
668Philadelphia89.1%
669Palm Coast89.1%
670East Orange89.1%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Chicago ranks 204 of 823, highest first.

RankCityHouseholds with no internet access
201Oak Lawn6.9%
202Davenport6.9%
203Yuma6.9%
204Chicago6.9%
205Springfield6.9%
206Bellflower6.9%
207Warren6.8%
Source: U.S. Census Bureau · saved copy

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Sources

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